250-252 Berkeley Avenue, Newark, NJ 07107
Local realty services provided by:ERA Queen City Realty
250-252 Berkeley Avenue,Newark, NJ 07107
$550,000
- - Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: stanley francois, jassiel martinez
Office: realty one group sunrise201-265-7000
MLS#:26018600
Source:NJ_MLS
Price summary
- Price:$550,000
About this home
Rare investment and development opportunity in the heart of Newark's thriving Roseville section. 250-252 Berkeley Avenue, a legal two-family property, is being offered together with the neighboring institutional/commercial property as a package deal, creating an approximate combined lot size of 100 x 100.This unique assemblage presents exceptional potential for developers, investors, builders, or end-users seeking redevelopment opportunities in a rapidly growing area. Preliminary development concepts may support multiple new construction residential units, subject to buyer due diligence, zoning requirements, subdivision approvals, and municipal approvals.The existing two-family property provides immediate rental income potential and may remain tenant-occupied while developers pursue approvals, plans, and redevelopment opportunities, creating the possibility for cash flow during the planning and entitlement process.Conveniently located near major highways, public transportation, shopping, schools, and residential neighborhoods, this offering provides strong upside potential in an area experiencing continued growth and redevelopment activity.Buyer responsible for independently verify...
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Home facts
- Listing ID #:26018600
- Added:54 day(s) ago
- Updated:July 17, 2026 at 07:55 AM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:12
Finances and disclosures
- Price:$550,000
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